Newmont Shares Drop Following Q3 Earnings Report: Key Insights
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 23 2025
0mins
Source: Benzinga
Q3 Financial Performance: Newmont Corp reported third-quarter revenue of $5.52 billion and adjusted earnings of $1.71 per share, both exceeding analyst expectations. However, gold production decreased by 4% year-over-year to approximately 1.42 million ounces.
Cash Flow and Dividends: The company generated $2.6 billion in cash from operations and $1.6 billion in free cash flow, ending the quarter with $5.6 billion in cash. A quarterly cash dividend of 25 cents per share was declared, payable on December 22.
Future Expectations: Newmont anticipates producing 1.415 million ounces of gold in Q4 and has improved its 2025 capital guidance by $200 million. However, free cash flow in Q4 may be negatively impacted by increased spending on construction and severance payments.
Stock Performance: Following the earnings report, Newmont shares fell by 2.77% in after-hours trading, with the stock priced at $86.45 at the time of publication.
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Analyst Views on NEM
Wall Street analysts forecast NEM stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for NEM is 110.85 USD with a low forecast of 89.00 USD and a high forecast of 125.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
14 Analyst Rating
11 Buy
3 Hold
0 Sell
Strong Buy
Current: 131.950
Low
89.00
Averages
110.85
High
125.00
Current: 131.950
Low
89.00
Averages
110.85
High
125.00
About NEM
Newmont Corporation is a gold company and a producer of copper, zinc, lead, and silver with operations and/or assets in the Africa, Australia, Latin America & Caribbean, North America, and Papua New Guinea regions. The Company's operations include Brucejack, Red Chris, Penasquito, Merian, Cerro Negro, Yanacocha, Boddington, Tanami, Cadia, Lihir, Ahafo, and NGM. The Brucejack operation includes four mining leases and six core mineral claims which cover 8,169 acres (3,306 hectares) and 337 mineral claims covering 298,795 acres (120,918 hectares). The Red Chris operation includes five mining leases which cover 12,703 acres and 199 mineral claims, encompassing an area of 164,903 acres (66,734 hectares). Penasquito includes 20 mining concessions for operations comprising 113,231 acres (45,823 hectares) and 60 mining concessions for exploration of 107,456 acres (43,486 hectares). The Merian operation includes one right of exploitation encompassing an area of 41,687 acres (16,870 hectares).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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